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By suspending Worldcoin's activities, the Kenyan government becomes the first to do so. Several others have merely started investigations into the project.

The government will take enforcement actions against any individual or entity that goes against the order.

Kenya has suspended Worldcoin operations in the country due to concerns about public safety and the integrity of financial transactions.

Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.

Worldcoin signups in Kenya were suspended on Wednesday pending investigations into privacy concerns and public risk posed by the project, said the Ministry of the Interior. Sam Altman's iris-scanning project previously named Kenya's capital city Nairobi as a major point of demand, garnering hundreds of thousands of sign-ups as of December 2022.

The internal security minister of Kenya made it public through a Facebook post on August 2 that Worldcoin's activities were on hold. The decision will remain in effect until thorough investigations assure that Kenyan citizens aren't at risk.

Worldcoin, the identity-verification crypto initiative co-founded by OpenAI's Sam Altman, faces a significant roadblock as the Kenyan government suspends its operations. The project, known for its unique utilization of iris scan technology for identity authentication and cryptocurrency distribution, has swiftly become popular in Kenya, with hundreds of thousands of customers already enlisted.

Sam Altman's Worldcoin (WLD) project is under scrutiny and facing crackdowns from government authorities worldwide. The crypto project is also encountering resistance from the crypto industry due to privacy and security concerns.

Worldcoin faces further scrutiny over its iris-scanning project, despite over 2 million sign-ups worldwide.

Kenya suspends operations of Worldcoin, a new cryptocurrency and digital identity project, amid concerns over data privacy and potential security risks.

Worldcoin has been suspended in Kenya — a market in which it has already signed up hundreds of thousands of customers.

In a recent development, the Kenyan Ministry of the Interior has taken decisive action against the local cryptocurrency, Worldcoin (WLD). On Wednesday, August 2, the ministry issued an official statement on their Facebook page announcing the suspension of Worldcoin's operations within the country.

Kenyan authorities want to make sure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.

Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations.

Kenya's interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin until relevant public agencies had certified the absence of risks to Kenyans.

France's privacy-focused watchdog CNIL stated on Friday (July 28, 2023) that it is well aware of ChatGPT-founder Sam Altman‘s Worldcoin initiative and that the legality of its biometric data collection process appears to “questionable.

Chris Perkins, president of crypto venture firm CoinFund, says Sam Altman's Worldcoin is very exciting. He's been an investor in the crypto identity system since 2021.

The potential related to this AI company is huge, but the way Altman has obtained funding and visibility has the public debating, highlighting discouraging controversies.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jack O'Holleran, a co-founder and the CEO of Skale Labs, discusses the growing scrutiny around Worldcoin and the competition for attention between A.I.

In this article, we will take a closer look at three crypto assets Solana (SOL), Shiba Inu (SHIB) and WorldCoin (WLD) by analyzing their recent prices, significant news that affected their value, and the future prospects of these attractive digital assets.

The Worldcoin launch has sparked a new debate on the future of decentralized identity, artificial intelligence and whether iris-scanning is the only way forward.

According to the Worldcoin team, the project was fully compliant with European data rules and was supervised by the Bavarian State Office for Data Protection Supervision.

Bavaria's State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday.

The Worldcoin project, launched by OpenAI CEO Sam Altman, has now come under the scrutiny of Germany's data watchdog. Reuters reported that the Bavarian State Office for Data Protection Supervision is investigating the German subsidiary of the controversial initiative.